Change provisions relating to the state income tax deduction for members of the Nebraska National Guard

Summary

The bill amends Nebraska’s tax statute (section 77‑2716) to give Guard members a 100 % exclusion for income earned while drilling, training, on state or federal active duty, or working as a dual‑status technician. It also revises dozens of other adjustments to federal adjusted gross income – such as interest, dividends, foreign taxes, education‑savings contributions, bonus depreciation, social‑security benefits and gold‑silver bullion gains or losses. The changes take effect for tax years beginning in 2025 and later and replace the prior version of the section.

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